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Op-Ed: With Saudi Aramco IPO Looming, Of Course OPEC Will Extend Oil Quotas

Markets yawn as Russia, Saudi Arabia envoys tease extending crude oil production quotas into 2018.
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Uganda Selects Firms for Refinery Talks

Uganda has been pursuing a tender for developing a $2.5 billion refinery to process part of the crude from its oil fields.
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Noble Energy To Sell 50% Stake In Cone Gathering

Noble Energy says it will sell its 50% stake in privately-held Cone Gathering LLC to Quantum Energy Partners for $765 million in cash.
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Russian Government Still Hopes For Dividends From Rosneftegaz

Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.
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LNG Exporter Tellurian Pulls Share Sale on 'Adverse' Market

Tellurian, co-founded by ousted Cheniere Chief Executive Officer Charif Souki, is developing the Driftwood LNG export terminal in Louisiana.
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Guangzhou Gas Plans LNG Import Terminal, Eyes Partnership With Woodfibre

Guangzhou Gas Group plans to build a 2 million tonne per year import terminal for liquefied natural gas (LNG) on China's southern coast by 2020.
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The Right Downstream Role for You: A Recruiter's Perspective

Houston-based recruitment pro offers insights on various downstream career paths and why it's a "hugely exciting" time to join the industry.
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IPE Professor Wins SPE Award

The 2017 North Sea Regional Award for Productions and Operations from the Society of Petroleum Engineers (SPE) has been awarded to Professor Eric Mackay of Heriot-Watt University.
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U.S. Inventories of Oil, Gasoline Fall in Latest Week - EIA

U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell, said EIA.
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Cairn Flows Oil From SNE-6 Well, 'Very Encouraging' Say Analysts

Cairn Energy plc flows oil from the SNE-6 well offshore Senegal, in a development which was described as "very encouraging" by oil and gas analysts at GMP FirstEnergy.
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Dredging Up Power

Caterpillar Marine was selected to power three 3500 m³ trailing suction hopper dredgers for the Jan De Nul Group with Cat 3500E IMO III and EPA Tier 4 certified engines. Cat said the 3500E incorporates selective catalyst reduction (SCR) after-treatment technology with closed-loop NOx sensing and application optimized performance for minimized owning and operating costs. “Embedded

The post Dredging Up Power appeared first on Diesel & Gas Turbine Worldwide.

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Burckhardt Brings Modern Touch To Hyper Compressor

MOL Petrochemicals, part of MOL Group, has selected Burckhardt Compression to modernize its third-party hyper compressor at its low-density polyethylene (LDPE) plant in Tiszaújváros, Hungary. The modernization package includes the Burckhardt Hypropack cartridge system, plungers and central valves for two second-stage cylinders. This equipment will improve the performance of the hyper compressor at the plant, […]
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Scrubbing Mission

The technology group Wärtsilä has been contracted to supply its exhaust gas cleaning system for a new Korean ferry. The vessel is being built for Weidong Ferry at the Hyundai Mipo Dockyard. This is the first Wärtsilä scrubber system to be installed where the shipyard, the owners, and the vessel’s operational area are all in

The post Scrubbing Mission appeared first on Diesel & Gas Turbine Worldwide.

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South Korean Navy Chooses Turbine Supplier

BY IAN CAMERON In a major development by the company, Rolls-Royce has won a contract to supply MT30 marine gas turbines to power the next three ships in the Republic of Korea Navy’s Daegu-class frigate program. Eight Daegu-class frigates (also known as FFX Batch 2) are scheduled to be built. The first ship being built

The post South Korean Navy Chooses Turbine Supplier appeared first on Diesel & Gas Turbine Worldwide.

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US Motorists on Roads for Memorial Day Weekend to Be Highest Since 2005

The expectation for high driving numbers is welcome news for U.S. gasoline refiners.
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BP Sees Early Promise, Growing Investment In Mexico Energy

BP's first foray into Mexico's recently opened energy market is proving more promising than expected, the oil major's Mexico boss said in an interview.
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Exxon Says to Open Gas Stations in Mexico, Invest $300 Million

Exxon expects to open its first service stations in Mexico later this year.
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Russia's Rosneft, Italy's Eni To Expand Cooperation

Rosneft and Italian energy company Eni are due to sign an agreement on expanding cooperation.
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Russia's Gazprom Cuts Gas Condensate Exports as Tax Bill, Tariffs Bite

Gas condensate accounts for around 7 percent of Russia's total oil production of 11 million barrels per day.
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Which Downstream Career Path Fits You?

Rigzone highlights some downstream career paths based on work environment and level of interaction with others.
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